is embarrassing. Canada stands in 61st position among 63 other countries, behind only Iran, Kazakhstan and Saudi Arabia.
First, as more businesses have worked hard to prove their ESG credentials, some have intentionally taken a step back, considering it too “woke” to put environmental and other stakeholders interests ahead of those of shareholders. Second is the “E” in ESG; the difficulty of distinguishing between corporate greenwashing versus measurable, verifiable metrics that could have a true impact on climate change.
In fact, cities like Vancouver and New York are joining provinces and states like Quebec and Massachusetts by enacting local policies that restrict or prohibit the use of fossil fuels in new construction projects in favour of cleaner technologies and energy sources.